According to BlockBeats, a significant drop in the prices of altcoins was observed on April 16th. The market data revealed that the altcoins followed the general market trend and experienced a widespread decline. The altcoin CKB was reported at a price of $0.022, marking a 24-hour drop of 19.3%. Another altcoin, JTO, was priced at $2.507, with a 24-hour drop of 17.1%. The WIF altcoin was reported at $2.52, experiencing a 24-hour drop of 16.6%. Lastly, the ORDI altcoin was priced at $41.4, marking a 24-hour drop of 15.8%. This widespread decline in altcoin prices reflects the overall bearish trend in the cryptocurrency market.